Capcom reports significant drop in half-year profits, but forecasts another successful fiscal year 

Capcom published its consolidated financial report for the first half of the fiscal year ending March 2025. During the period between April and September 2024, the company saw a significant decrease in sales and revenue compared to last year, with net sales being down 24.7% and net profit being down 39.6% (source: GameBiz). 

The main cause for this drop in earnings is the fact that in the same period last year, Capcom made major releases such as Street Fighter 6, while this year, sales were mostly carried by catalogue titles. Capcom mentions that sales of past titles this year exceeded those of last year’s, with games like Monster Hunter World: Iceborne, Monster Hunter Rise, Resident Evil 4 and Dragon’s Dogma 2 performing well.  

Capcom also highlighted the positive reception of their brand-new IP Kunitsu-Gami: Path of the Goddess and strong performance of Ace Attorney Investigations Collection, Dead Rising Deluxe Remaster and Marvel vs. Capcom Fighting Collection: Arcade Classics within their fandoms. 

Thus, despite half-year earnings being weaker than last year’s, Capcom says it’s progressing as planned towards achieving its annual targets, especially with the major release of Monster Hunter Wilds awaiting in the second half of the fiscal year. The developer has seen constant financial growth for the past 11 consecutive years. 

Capcom’s full-year earnings forecast remains unchanged, as follows:  

Net sales: 165 billion yen (up 8.3% year-on-year) 
Operating profit: 64 billion yen (up 12.1% year-on-year) 
Ordinary profit 63 billion yen (up 6.0% year-on-year) 
Net profit 46 billion yen (up 6.1% year-on-year)